The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by Pinnacle Family Advisors LLC

Pinnacle Family Advisors LLC lifted its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 3.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,510 shares of the pipeline company’s stock after acquiring an additional 211 shares during the period. Pinnacle Family Advisors LLC’s holdings in Williams Companies were worth $297,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SouthState Corp bought a new position in shares of Williams Companies in the second quarter worth $31,000. Rosenberg Matthew Hamilton raised its holdings in Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 252 shares in the last quarter. GHP Investment Advisors Inc. acquired a new stake in Williams Companies in the second quarter worth approximately $34,000. Quarry LP bought a new position in Williams Companies during the 2nd quarter valued at $35,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Williams Companies during the 3rd quarter valued at $38,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Up 0.2 %

Williams Companies stock opened at $56.58 on Wednesday. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $60.36. The firm’s fifty day simple moving average is $53.06 and its 200-day simple moving average is $46.60. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $68.97 billion, a P/E ratio of 23.87, a P/E/G ratio of 5.79 and a beta of 1.05.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm posted $0.45 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Sell-side analysts forecast that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be given a $0.475 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.36%. Williams Companies’s dividend payout ratio is 80.17%.

Analysts Set New Price Targets

Several analysts have recently weighed in on WMB shares. Royal Bank of Canada upped their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. CIBC raised their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Citigroup upped their price target on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $52.00 to $58.00 in a research note on Friday, October 4th. Finally, Scotiabank boosted their target price on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $52.07.

Insider Transactions at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the sale, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. This represents a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.

Williams Companies Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.